Stephens Inc. AR Lowers Holdings in Boston Properties, Inc. (NYSE:BXP)

Stephens Inc. AR trimmed its holdings in Boston Properties, Inc. (NYSE:BXP – Get Rating) by 15.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,224 shares of the real estate investment trust’s stock after selling 758 shares during the period. Stephens Inc. AR’s holdings in Boston Properties were worth $317,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Boston Properties by 1.8% in the first quarter. Vanguard Group Inc. now owns 23,383,095 shares of the real estate investment trust’s stock worth $3,011,742,000 after acquiring an additional 404,123 shares during the period. State Street Corp boosted its position in shares of Boston Properties by 6.1% during the first quarter. State Street Corp now owns 11,026,679 shares of the real estate investment trust’s stock worth $1,430,779,000 after buying an additional 638,452 shares during the period. Legal & General Group Plc boosted its position in shares of Boston Properties by 2.1% during the second quarter. Legal & General Group Plc now owns 2,094,661 shares of the real estate investment trust’s stock worth $186,383,000 after buying an additional 42,745 shares during the period. Invesco Ltd. boosted its position in shares of Boston Properties by 9.0% during the first quarter. Invesco Ltd. now owns 1,529,693 shares of the real estate investment trust’s stock worth $197,025,000 after buying an additional 125,874 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Boston Properties by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,389,575 shares of the real estate investment trust’s stock worth $178,978,000 after buying an additional 40,648 shares during the period. 88.62% of the stock is currently owned by hedge funds and other institutional investors.

Boston Properties Stock Performance

NYSE BXP opened at $71.17 on Tuesday. The company has a quick ratio of 4.08, a current ratio of 4.08 and a debt-to-equity ratio of 1.68. Boston Properties, Inc. has a 52-week low of $64.03 and a 52-week high of $133.11. The business’s 50-day moving average price is $68.97 and its 200 day moving average price is $76.62. The firm has a market cap of $11.16 billion, a P/E ratio of 12.27 and a beta of 1.02.

Boston Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be issued a dividend of $0.98 per share. This represents a $3.92 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Thursday, December 29th. Boston Properties’s dividend payout ratio is currently 67.59%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Piper Sandler lowered their price target on Boston Properties from $90.00 to $84.00 and set a “neutral” rating for the company in a research report on Friday, October 7th. Mizuho reduced their price objective on Boston Properties from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, January 4th. Deutsche Bank Aktiengesellschaft cut Boston Properties from a “buy” rating to a “hold” rating and reduced their price objective for the company from $91.00 to $74.00 in a research note on Wednesday, January 4th. Barclays reduced their price objective on Boston Properties from $135.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, September 26th. Finally, Morgan Stanley reduced their price objective on Boston Properties from $78.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.79.

Boston Properties Company Profile

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Boston Properties, Inc operates as a real estate investment trust. It develops, acquires, manages and owns a portfolio of Class A properties. The firm operates through the following geographical locations: Boston, New York, San Francisco and Washington. The company was founded by Mortimer Benjamin Zuckerman and Edward H.